Great Bear Resources

Comet Resources Reports Results of Aero Magnetic Survey over Springdale Graphite Project

Kalamunda, WA / November 10, 2017 / JMN Wire / Comet Resources Limited (ASX:CRL) (“Comet”) recently conducted a 220 sq km detailed aero magnetic survey over the Springdale Graphite Project in Western Australia. The survey has been intepreted by Southern Geoscience Consultants in in Western Australia, who focused on identifying stratigraphy deemed to be prospective for graphite mineralisation.

The interpretation has delineated 26 Km of stratigraphy deemed to be prospective for graphite mineralisation. Comet has only drilled 1.8 km or 7% of this stratigraphy and has already discovered multiple graphite zones. Structural interpretation identified tight folding of the stratigraphy within Comet’s tenements, highlighting the potential for repetition and thickening of prospective units. By combining existing drillhole data and the geological and structural interpretation from the aeromagnetics, Comet has identified five high priority drill targets .

Highlights

  • Aeromagnetic survey has identified a graphite target zone that extends over 26 K ilometres ;
  • Five Priority Targets Identified;
  • Target 1 hosts 1.5 km of interpreted strike with very limited drill testing and contains diamond hole HD018 which intersected 11 metres at 25.6% TGC including 9 metres at 30.2% TGC;
  • Access agreement executed with two land owners allowing access to targets;
  • Drilling to commence early December

Comet Resources 11 10 2017

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Condor Gold

Condor Gold

Condor Gold is revitalizing the historic La India gold mining district in Nicaragua. To date the company has produced a global N.I. 43-101 mineral resource totaling 2.1 million ounces of high grade gold, including open pit resources of over 1 million ounces grading 3.5 g/t gold. The December 2014 N.I. 43-101 Pre-Feasibility Study demonstrated an open pit mineral reserve of 675k ounces of gold that could produce 79,000 ounces annually over 8 years at all-in sustaining costs... LEARN MORE

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